After the Election... What Will It Be Like? Can We Learn Anything from Warren Buffet's Father in Law?  episode artwork

EPISODE · Oct 2, 2020 · 47 MIN

After the Election... What Will It Be Like? Can We Learn Anything from Warren Buffet's Father in Law?

from The Best Paragraph I've Read... · host Zac & Don

The Best Paragraph I've Read: Warren went to talk to Susie's father to get his blessing.  This, he already knew, would be easily had.  But Doc Thompson took a while - quite a while - to get to the point.  He started by explaining that Harry Truman and the Democrats were sending the country straight to hell.  Pouring money into Europe after the war through the Marshall Plan and Berlin airlift was just proof that the policies of that devil Roosevelt were still in place, and that Truman was sending the country straight into bankruptcy.  Look at how the Soviets got hold of the atomic bomb right after Truman had dismantled part of the military.  Senator Joe McCarthy's House Un-American Activities Committee was proving what Doc Thompson had known all along, that the government was riddled with Communists.  HUAC was finding Commies everywhere.  The government was downright ineffectual - or worse - when it came to dealing with Communism.  Truman had lost China for democracy.  He would never be forgiven for firing the heroic General Douglas MacArthur for insubordination after he made repeated efforts to go around Truman and get approval to attach the Chinese Commies in Manchuria.  But it was probably too late for even MacArthur to save the country now.  The Communists were taking over the world, and stocks were going to be nothing but valueless bits of paper.  So Warren's plan to work in the stock market was going to fail.  But Doc Thompson would never blame Warren when his daughter starved... ... ...  This paragraph comes from the book "The Snowball: Warren Buffett and the Business of Life."  The book is written by Alice Schroeder. https://www.amazon.com/Snowball-Warren-Buffett-Business-Life/dp/0553805096/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1601602036&sr=1-2 Zac and Don discuss the day after the election.  They discuss whether today's feeling about the election is any different than how people have felt in the past. Another Best Paragraph I've Read: "The win-over-reasonable-Republicans-with-reason strategy is weak sauce. That leaves the Democrats with one other choice: total political warfare. The Senate’s Democratic leader, Chuck Schumer—with the backing of Joe Biden and Nancy Pelosi—needs to threaten massive retaliation. Should McConnell try to ram a Trump nominee through, Schumer ought to vow that the Democrats, if they win back the Senate and Biden is elected president, will demolish the filibuster, which will allow the Senate to proceed to make Washington, DC, a state (two more senators, who are likely to be Democrats!) and that they will move to add two or four more seats to the Supreme Court. (There is nothing in the Constitution that limits the court’s size to the current nine justices.) In other words: They will implement a Republican nightmare (which, as it happens, can be justified on arguments of equity and fairness)." This paragraph comes from Mother Jones.  The article is titled: "To Honor Ginsburg, Democrats Have One Choice: Go Nuclear."  The article is written by David Corn. https://www.motherjones.com/politics/2020/09/ruth-bader-ginsburg-death-democrats-whats-next-mcconnell-trump/ Zac and Don wonder if our current leaders are pushing too hard to change the traditional rules of government.

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After the Election... What Will It Be Like? Can We Learn Anything from Warren Buffet's Father in Law?

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